PrivateBancorp Inc. (NASDAQ:PVTB) Director Edward W. Rabin sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $45.05, for a total transaction of $675,750.00. Following the transaction, the director now owns 21,667 shares of the company’s stock, valued at $976,098.35. The transaction was disclosed in a filing with the SEC, which is available through this link.

PrivateBancorp Inc. (NASDAQ:PVTB) traded up 0.04% during midday trading on Thursday, hitting $45.67. 238,184 shares of the stock were exchanged. The stock has a market cap of $3.64 billion, a PE ratio of 18.35 and a beta of 1.43. PrivateBancorp Inc. has a 1-year low of $31.18 and a 1-year high of $46.70. The company’s 50 day moving average is $45.41 and its 200-day moving average is $43.75.

PrivateBancorp (NASDAQ:PVTB) last released its quarterly earnings data on Thursday, October 20th. The financial services provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by $0.05. PrivateBancorp had a net margin of 25.68% and a return on equity of 11.42%. The firm earned $183.12 million during the quarter, compared to the consensus estimate of $181.50 million. During the same quarter last year, the business posted $0.57 earnings per share. PrivateBancorp’s revenue was up 13.0% compared to the same quarter last year. On average, analysts expect that PrivateBancorp Inc. will post $2.51 earnings per share for the current year.

A number of large investors have recently made changes to their positions in PVTB. BlackRock Fund Advisors raised its stake in shares of PrivateBancorp by 6.5% in the third quarter. BlackRock Fund Advisors now owns 4,333,730 shares of the financial services provider’s stock valued at $199,005,000 after buying an additional 265,646 shares during the last quarter. State Street Corp raised its stake in shares of PrivateBancorp by 32.0% in the first quarter. State Street Corp now owns 3,775,732 shares of the financial services provider’s stock valued at $145,744,000 after buying an additional 914,741 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of PrivateBancorp by 2.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,372,920 shares of the financial services provider’s stock valued at $104,480,000 after buying an additional 58,480 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of PrivateBancorp by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,279,606 shares of the financial services provider’s stock valued at $100,372,000 after buying an additional 25,566 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its stake in shares of PrivateBancorp by 35.2% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,635,599 shares of the financial services provider’s stock valued at $72,015,000 after buying an additional 426,208 shares during the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.

Separately, Zacks Investment Research cut shares of PrivateBancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. PrivateBancorp has an average rating of “Hold” and an average price target of $45.00.

About PrivateBancorp

PrivateBancorp, Inc (PrivateBancorp) is a bank holding company. The PrivateBank and Trust Company (the Bank or the PrivateBank) is its bank subsidiary. The Company has three operating segments. The Banking segment consists of commercial and personal banking services. Commercial banking services are primarily provided to corporations and other business clients and include an array of lending and cash management products.

5 Day Chart for NASDAQ:PVTB

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